Scila Announces Deal with Irish Stock Exchange

Scila Announces Deal with Irish Stock Exchange
30.06.2015 01:00 am

Scila Announces Deal with Irish Stock Exchange

Trade Finance

The Irish Stock Exchange (ISE), the Dublin-based exchange, has chosen to implement Scila Surveillance, provided by the leading independent Stockholm-based surveillance technology provider Scila. The ISE will deploy Scila Surveillance for the surveillance of their trading on its markets. Deutsche Börse will take over the hosting and support of the Scila surveillance infrastructure, which will be located in Frankfurt.

“The Irish Stock Exchange is investing in proven technology, which has been implemented at major exchanges, trading firms and regulators across the globe since our start in 2008”, says Lars Gräns, Head of Sales at Scila.

“We are delighted to announce our cooperation with the Irish Stock Exchange. Scila systems are flexible, cost effective and come with a large suite of value added functionality, including for example e-communications and algorithmic monitoring tools”, says Lars-Ivar Sellberg, Executive Chairman of Scila.

The Irish Stock Exchange is a global leader in the listing of debt and fund securities and is the centre of liquidity for trading shares in Irish companies. With over 32,000 securities listed on its markets, the ISE is the exchange of choice for over 4,000 issuers from 80 countries to raise funds and access international investors. In recent years the ISE has witnessed consistently strong growth in equity trading activity. Trades reported to ISE Xetra grew by 30% in 2014 to 4.5 m, the highest ever recorded on the ISE. This increase in trading volumes continued into Q1 2015 where 1.4 m trades were reported, up more than 26% on Q4 2014.

"Market integrity is core to the ISE and our implementation of Scila Surveillance further delivers to this. Scila positions the ISE to quickly adapt our surveillance techniques as trading strategies evolve and also for upcoming EU regulatory changes in the market supervision area", says Daryl Byrne, Head of Regulation at the Irish Stock Exchange.

Related News

Surecomp® Unveils Trade Finance-as-a-Service for Holistic Trade Finance Management

Surecomp, the market leader in global trade finance and treasury solutions for banks and corporations, today announced the launch of its Trade Finance-as-a-Service (TFaaS)... Read more »

Surecomp® launches Fastrade™ for enhanced digital trade finance customer engagement

Surecomp, the market leader in global trade finance and treasury solutions for banks and corporations, today announced the launch of its new front-office... Read more »

Mastercard and Octet Europe enable European small businesses to thrive in the global economy

Today, Mastercard and Octet Europe announce the launch of a new trade solution across the European Economic Area (EEA).

Read more »

Surecomp® marks the launch of its fintech Marketplace with new brand identity

Surecomp®, the market leader in global trade finance and treasury solutions for banks and corporations, today announced the launch of its new fintech... Read more »

AvaTrade expands global presence with new Polish office

AvaTrade, an award-winning forex and CFD broker, has announced the opening of its latest office in Warsaw, Poland. This expansion adds to AvaTrade’s growing... Read more »

First Turkish-German trade finance transaction on Marco Polo blockchain network with İşbank and Commerzbank

İşbank and Commerzbank have jointly run an international trade finance transaction based on distributed ledger technology (DLT). Payments were secured by digitally processing... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel